Investors

view current
Real Estate Investments instantly.


Get an email or an
RSS Feed sent to you automatically.


Email Subscription


Delivered by FeedBurner

RSS Subscription

  • What's RSS?
  • How do I subscribe?

Sign up for RSS   Sign up!


 

6 result(s) displayed (1 - 6):

June 18, 2010

AZ Refinance

Many Arizona property owners are turning to AZ refinance to obtain a reduced interest rate on their home mortgage loan. While refinancing mortgages can result in lower monthly payments, many homeowners fail to realize the costs associated with obtaining a new loan.

Before entering into AZ refinance, borrowers should take time to review their current mortgage contract. Many banks offer borrowers reduced interest if they agree to a prepayment clause. In most cases, prepayment penalties are assessed if borrowers refinance or sell the property within the first five years. Others reduce the penalty by 1-percent each year

Real Estate Investing article on "AZ Refinance"

May 06, 2010

Buying Bank Owned Real Estate

As with any realty investment, buying bank owned properties should be carefully scrutinized. While it is true bank owned homes are priced below market value, they may not be as good of a deal as buyers anticipate.

Buying bank owned real estate is no different than buying properties listed through any independent real estate agent. The primary difference is banks hold the property title and negotiations are held with the servicing lender's loss mitigation department.

Real Estate Investing article on "Buying Bank Owned Real Estate"

March 29, 2010

What Does REO Mean

A common question I am asked is what does REO mean? REO stands for real estate owned and refers to foreclosure property which has been returned to the bank. Banks hold the title, manage the property and are responsible for selling it. Bank owned homes are sold directly through each lender's loss mitigation department or a designated real estate agent.

Many people wonder what does REO mean in terms of buying properties at reduced prices? While it is true most real estate owned properties are sold below market value, buyers must take in to account repair costs required to return properties to livable condition. Some homes are in near perfect condition, while others are in complete disarray and require an entire renovation.

Real Estate Investing article on "What Does REO Mean"

December 08, 2009

Mortgage Notes

Mortgage notes are used to record the terms of a bank note issued to purchase real estate. These legal contracts document the amount of funds borrowed, interest rate, property location, and contact information for parties responsible for repaying the loan.

Mortgage notes can be sold to cash flow notes buyers or private real estate investors. Many reasons exist for selling real estate notes. The most common include obtaining a lump sum of cash to finance college tuition, pay off credit cards, medical expenses or unsecured debts.

Real Estate Investing article on "Mortgage Notes"

September 08, 2009

BPO

BPO is the acronym for Broker Price Opinion. BPO's are used within the mortgage lending industry to obtain summarized property appraisals. Broker Price Opinions are used to obtain an estimated value of real estate and are not as thorough as conventional appraisals.

BPO appraisals are often used when homeowners enter into mortgage refinancing or apply for a home equity line of credit (HELOC). BPO's are frequently used to obtain estimated property values of distressed properties such as foreclosure or short sale homes. They can also be used when borrowers obtain a loan modification to avoid foreclosure.

Real Estate Investing article on "BPO"

August 07, 2009

Broker Price Opinion

Broker Price Opinion refers to the process used to obtain property values. Mortgage lenders and bank loss mitigation departments utilize BPO reports in lieu of traditional property appraisals to obtain estimated property values of real estate which is entering into foreclosure or when borrowers wish to obtain a loan modification.

Broker Price Opinion is not the same as a traditional property appraisal. As the name suggests, the appraised value is an opinion based on a variety of predetermined factors. These can include the area where the property is located, square footage of the home, lot size, and the condition of other homes in the area; including the percentage of foreclosure or bank owned properties.

Real Estate Investing article on "Broker Price Opinion"